WEEK IN REVIEW: June 22-28

On June 1, 2015, JPMorgan added almost exactly enough ounces of physical gold to patch the deficiency between supply and delivery demand at COMEX, avoiding widespread dealer default. Declassified documents, along with strong circumstantial evidence indicate that it was not JPMorgan, but its most important customer, the US Federal Reserve, that just bailed out COMEX.

The situation on the paper gold market shows that speculators are massively short on gold currently (even more so since they're anticipating a friendly settlement for Greece). On the other hand, the commercials have taken the opposite side of the trade.

This is a chart every gold investor needs to see. While the gold mining industry works harder every year to produce the highly sought-after monetary metal, its overall productivity continues to decline. Actually, decline is too soft of a word to describe what's taking place in the world's leading gold producers.

The IMF rejected the yuan in 2010 on the grounds that the currency was not "freely usable." Since then, China has stepped up efforts to increase the currency's global acceptance by allowing overseas investors to trade Shanghai-listed yuan-denominated shares, giving overseas funds expanded access to Chinese stocks and bonds, creating bilateral currency swaps and expanding trade settlement in the currency.

Media analyst Mark Dice tries to sell a 10 ounce bar of .999 fine silver bullion for just $10 dollars outside of a coin shop in San Diego, CA. HINT- It's worth WAY more than that, but does anyone want it?

By For well over a year, Wall Street economists have predicted that the beginning of interest rate increases by the Federal Reserve was just around the corner. They've been wrong all along. Now the majority of economists expects the Fed to start lifting rates in September, according to polls.

German chancellor Angela Merkel has said Saturday's Eurogroup meeting would be of "decisive importance." Perhaps a wider concern for markets is that each day the institutions lose more credibility when these arbitrary "final" deadlines gets missed. It doesn't look too hopeful that an agreement will be reached on Saturday.

Our editing team, cumulating many years of experience, wishes to bring to the investors as much information as possible to help them in taking decisions independently and objectively when investing in the precious metals sector.
We also regularly publish interviews with fund managers and independent specialists and analysts to let our readers and our investing clients further their analyses of the precious metals markets. We also provide translations of several articles for that purpose.